My Thoughts on: Marxism, Living Under American Capitalism, Marxian Philosophy, Baseball, Economics, Alcohol, and any other topic I feel like writing about.

05 March 2012

More to Follow....Export lead growth? garbage?

Well no....
But without preempting an upcoming paper...
We are starting to see some evidence that the path to development in Africa is to sell to even less developed countries. Find your technological comparative advantage and use the proceeds to strengthen said advantage. I only mention this now to have it on record that in some degree we were here first! (not in "absolute" terms of course but....still there is something there.
Go regression analysis!
Earth shattering policy implications to follow in future weeks....
Really I am just curious what you all, my loyal readers think of the theories of skipping steps on the development ladder by selling to "more developed" countries. It makes sense right?
Sense and economics of course very rarely have anything to do with each other.